At January 1, 2022, Concord, Inc. has beginning inventory of 3500 surfboards. Concord estimates it will sell 18400 units during the first quarter of 2022 with a 10% increase in sales each quarter. Concords policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $220 and is sold for $260. How many units should Concord produce during the first quarter of 2022?

19960

18400

16740

14900